56% of Americans Say "Recession Already Here" as US Takes Giant Step

[Asia Economy New York=Special Correspondent Joselgina] As the United States raised its benchmark interest rate by the largest margin in 28 years to curb soaring inflation, a poll revealed that more than half of Americans currently believe the U.S. is in a recession.

According to a survey released on the 16th (local time) by The Economist and polling firm YouGov, 56% of respondents answered that the U.S. is currently in a recession. Only 22% said it was not, while the remaining 22% were unsure.

The poll was conducted from the 11th to the 14th among 1,500 American adults and was released immediately after the U.S. central bank, the Federal Reserve (Fed), raised the benchmark interest rate by 0.75 percentage points the day before to curb inflation, drawing attention. The 'giant step' of raising rates by 0.75 percentage points at once is the first since 1994. This indicates the Fed's significant concern about the recent inflation situation.

In particular, the Fed's rapid rate hikes are spreading concerns about a recession. Fed Chair Jerome Powell has left open the possibility of another giant step next month.

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